The global economy has entered a period of elevated volatility, and previous investing approaches won’t work anymore, BlackRock said.
A recession is imminent but central banks won’t be able to support markets this time by loosening policy, according to the money manager.
“Recession is foretold as central banks race to try to tame inflation. It’s the opposite of past recessions,” BlackRock strategists said.
TOPICS AND TIMESTAMPS:
Warnings of Recession 0:00
Inflation Sensation 4:54
Stocks Up 10:10
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